Crude Oil (WTI), Technical Analysis – H1
Oil is presumably breaking out of the “bull flag” pattern, which may signal an impending upward impulse.
Oil is presumably breaking out of the “bull flag” pattern, which may signal an impending upward impulse. The medium-term target within this formation is located no lower than the $97 per barrel zone (measured by the height of the flag).
Key Levels:
□ $91.00
□ $92.00
□ $93.00 (near-term targets)
□ $97.00 (medium-term objective)
Primary Scenario:
Rise toward $91, $92, and $93.
Alternative Scenario:
Some consolidation at current levels, which would delay the main phase of the pattern.
Analyst Commentary:
There is little doubt that the situation in the Middle East will provide all the necessary catalysts to drive this move.
Николай Криштопов — рыночный аналитик Investizo с более чем 15-летним опытом работы в индустрии финансовых рынков и более чем десятилетним опытом трейдинга. В сферу его интересов входят валютный и криптовалютный рынки, технический анализ, внутридневная торговля и поведение рынка.